Martyboss, I guess that any new discovery made on higher ground is a better place to start a Summer exploration program. Ken said that Bur was the better situation, for any such, fare weather drilling.
I was hoping for an exploration of the Morgan property for the potential of high grade gold in a zinc VMS context. Who knows maybe some significant copper values may lay there as well. But only some extra drilling would confirm this.
Marty, you used to live up in Snow Lake so perhaps you would know if the Morgan propery would also be a moose pasture of soggy swamp, fit only for drilling in the Winter time?
If so, then I guess that we may have to wait for another Winter drilling campaign, maybe next year, to check it out with the drill bit. Anyway, in the Summer, the mosquitoes and black flies would likely be bad!
Ken always said that Snow Lake was a jewel box, just waiting to be opened. I guess that he was right!
Remember that the Penex site has similiarities to the Bur deposit. We might expect that Rockcliff may find tourmaline containing pegmatites, there as well. But there are many significant geophysical targets to drill. Pegmatites have low conductivity so their discovery by drilling where high conductivity targets exist, represents a very lucky break!
Here's hoping that he has something a little more valuable now to promote at PDAC. Maybe the big money boys, will need a little less convincing now?
I expect that on Monday, some of our desperate sellers may have more bids to fill.
There is no certainty how the market will react to this kind of news, later on. They may choose to sell their shares, right away, if the bids are right!
Spodume lithium is in a carbonate form that is harder to extract than brine. But it may still hold significant value for Rockcliff if the company finds a lot of it!
Jewels may also hold a lot of value, if not for the pleasure of their beauty, like diamonds, then for their potential as trace sources of rare critical minerals.
Who cares, as long as someone is willing to buy them?
The more that may be found, the better the potential reward! But like diamonds, not all jewels are of the highest quality! The best ones, the most colorful and brilliant, drive the higher price!
https://geology.com/minerals/tourmaline.shtml https://rockcliffmetals.com/investors/news-releases/rockliff-completes-drilling-at-the-bur-property-discovers-lithium-bearing-pegmatite-dykes-near-high-grade-bur-vms-deposit/ This exploration effort may take some time, but it could be worth the effort, if the company is successful!
This kind of discovery is kind of funny, because Ken mentioned that he doesn't usually have much regard for guessing the potential ore content by a personal evaluation of the drill core. But I guess some core samples contain more obvious signs of value than others.
The assays for copper and zinc content have yet to be made! The press release also mentioned that the recent and historical drill core from the Bur deposit
will also be examined for its pegmatic content as well.
These kind of dykes seem to be scattered randomly but almost everywhere around here!
He says they 'swarm' at surface. What's lies underneath? Well, it's anyone's guess! But probably, a lot of it!
Since so many explorers are staking and working these areas, there may be also possibilities of future joint ventures or M&A activity that could leave Hudbay out in the cold. This would suit me just fine!
But in the end, share value matters the most. So whatever actions are accretive to the higher price,will be fine with me!
I have received no reply to my recent e-mail but Rockcliff is busy getting ready for PDAC right now.
But it's hard to keep up with all that's going on now! So my e-mail messages may become obsolete, very fast!
At PDAC, there is a lot of competition for the every potential investor's attention! There are a lot of junior explorers seeking a better deal! But not everyone has the goods to sell, like Rockcliff does!
I wonder what the drilling at Penex will find? These are exciting times, lying just ahead!
Still feeling more positive!
All the best! Java